Daily On-Chain Bitcoin Transactions Hit Yearly High

Despite the prolonged bear market in 2018, and current crypto winter, there has been an increase in the number of confirmed Bitcoin transactions. They are currently at their highest point since mid-January 2018.

Data from Blockchain.com show that the number of confirmed transactions is currently higher than that on 17th January 2018, when the Bitcoin (BTC) price was $3671.29 was around $11,000.

Bitcoin payments made using the Segregated Witness (SegWit) protocol has also increased throughout 2018. They compromise over 40 percent of all transactions carried out on Bitcoin’s network.